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Falcon Technoprojects IPO is a fixed price issue of ₹13.69 crores. The issue is entirely a fresh issue of 0.15 crore shares of ₹13.69 crore.
Falcon Technoprojects IPO bidding started from Jun 19, 2024 and ended on Jun 21, 2024. The allotment for Falcon Technoprojects IPO was finalized on Jun 24, 2024. The shares got listed on NSE SME on Jun 26, 2024.
Falcon Technoprojects IPO price is ₹92.00 per share . The lot size for an application is 1,200. The minimum amount of investment required by an individual investor (retail) is ₹1,10,400 (1200 shares). The minimum lot size investment for HNI is 2 lots (2,400 shares), amounting to ₹2,20,800.
Kunvarji Finstock Pvt.Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue. The market maker of the company is Nikunj Stock Brokers Ltd..
Refer to Falcon Technoprojects IPO RHP for detailed Information.
| IPO Date | June 19, 2024 to June 21, 2024 |
| Listing Date | June 26, 2024 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹92 per share |
| Lot Size | 1,200 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 14,88,000 shares (aggregating up to ₹13.69 Cr) |
| Reserved for Market Maker | 74,400 shares Nikunj Stock Brokers Ltd. (aggregating up to ₹0.6845 Cr) |
| Net Offered to Public | 14,13,600 shares (aggregating up to ₹13.01 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 38,68,793 shares |
| Share Holding Post Issue | 53,56,793 shares |
Falcon Technoprojects India IPO offers total 14,88,000 shares. Out of which 7,06,800 (47.50%) allocated to NII, 7,06,800 (47.50%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 74,400 (5.00%) |
| NII (HNI) Shares Offered | 7,06,800 (47.50%) |
| Retail Shares Offered | 7,06,800 (47.50%) |
| Total Shares Offered | 14,88,000 (100.00%) |
Falcon Technoprojects IPO opens on June 19, 2024, and closes on June 21, 2024.
| IPO Open Date | Wed, Jun 19, 2024 |
| IPO Close Date | Fri, Jun 21, 2024 |
| Tentative Allotment | Mon, Jun 24, 2024 |
| Initiation of Refunds | Tue, Jun 25, 2024 |
| Credit of Shares to Demat | Tue, Jun 25, 2024 |
| Tentative Listing Date | Wed, Jun 26, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Jun 21, 2024 |
Investors can bid for a minimum of 1,200 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,200 | ₹1,10,400 |
| Retail (Max) | 1 | 1,200 | ₹1,10,400 |
| HNI (Min) | 2 | 2,400 | ₹2,20,800 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Established in 2014, Falcon Technoprojects India Limited provides mechanical, electrical and plumbing services to its clients across India and operates in various sectors such as petroleum refineries, housing estates, nuclear power, construction, etc.
The company offers mechanical, electrical and plumbing (MEP) services. These services include the design, selection and installation of integrated mechanical, electrical and plumbing systems. This includes the installation of air conditioning, power and lighting systems, water supply and drainage, fire protection and fire extinguishing systems and telephones.
On January 31, 2024, the company had a total of 24 employees.
| Period Ended | 31 Jan 2024 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 2,143.72 | 2,183.61 | 2,179.53 | 1,720.12 |
| Total Income | 1,036.62 | 1,656.59 | 2,290.07 | 946.35 |
| Profit After Tax | 86.98 | 103.92 | 102.76 | 29.60 |
| Net Worth | 898.75 | 334.47 | 230.56 | 127.79 |
| Reserves and Surplus | 511.87 | 284.47 | 180.56 | 77.79 |
| Total Borrowing | 781.04 | 1,232.02 | 962.81 | 729.75 |
| Amount in ₹ Lakhs | ||||
The market capitalization of Falcon Technoprojects IPO is ₹49.28 Cr.
KPI as of Wed, Jan 31, 2024.
| KPI | Values |
|---|---|
| ROE | 9.68% |
| ROCE | 11.54% |
| RoNW | 9.68% |
| PAT Margin | 8.39% |
| Price to Book Value | 3.96 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 2.69 | 1.95 |
| P/E (x) | 34.25 | 47.22 |
The company proposes to utilize the funds that are being raised through this Issue:
[Dilip Davda] The company is providing mechanical, electrical and plumbing services. These segments are highly competitive and fragmented. The company posted inconsistency in its top and bottom lines for the reported periods. Tiny post-IPO equity base indicates longer gestation for migration to mainboard. Based on FY24 annualized earnings, the issue appears exorbitantly priced. There is no harm in skipping this risky bet. Read detail review...
| Listing Date | June 26, 2024 |
| BSE Script Code | |
| NSE Symbol | FALCONTECH |
| ISIN | INE0PQK01013 |
| Final Issue Price | ₹92 per share |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹92.00 |
| Open | ₹84.00 |
| Low | ₹82.00 |
| High | ₹88.20 |
| Last Trade | ₹88.20 |
Falcon Technoprojects India Ltd.
Unit No. 17/18, 1st Floor, Keshav Building,
Vasudev Sky High Complex, Beverly Park,
Mira Road East
Thane, Maharashtra, 401107
Phone: +91 22 3512 9249
Email: cs@falcontechnoprojects.com
Website: http://www.falcongroupindia.com/
Kfin Technologies Ltd.
Phone: 04067162222, 04079611000
Email: ftil.ipo@kfintech.com
Website: https://ipostatus.kfintech.com/
Falcon Technoprojects IPO is a SME IPO of 14,88,000 equity shares of the face value of ₹10 aggregating up to ₹13.69 Crores. The issue is priced at ₹92 per share. The minimum order quantity is 1200.
The IPO opens on June 19, 2024, and closes on June 21, 2024.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Falcon Technoprojects IPO using UPI as a payment gateway. Zerodha customers can apply in Falcon Technoprojects IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Falcon Technoprojects IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Falcon Technoprojects IPO opens on June 19, 2024 and closes on June 21, 2024.
Falcon Technoprojects IPO lot size is 1200, and the minimum amount required for application is ₹1,10,400.
You can apply in Falcon Technoprojects IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Falcon Technoprojects IPO will be done on Monday, June 24, 2024, and the allotted shares will be credited to your demat account by Tuesday, June 25, 2024. Check the Falcon Technoprojects IPO allotment status.
The Falcon Technoprojects IPO listing date is on Wednesday, June 26, 2024.
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